9/06/2004

"Many start-up companies that have developed pioneering technology are eager to obtain patent protection. However, to develop an effective patent portfolio, a start-up company should first devise a patent portfolio strategy that is aligned with the company's business objectives."

The article continues by noting the following as possible business objectives: "bolstering market position, protecting research and development efforts, generating revenue, and encouraging favorable cross-licensing or settlement agreements."

A takeaway from the article is that, to minimize expense, a start-up company can develop an effective patent portfolio by focusing on high quality patents that cover key products and technologies and by initially filing less costly provisional patent applications.

A related article provides " a checklist for getting organized in preparation for developing a comprehensive patent strategy."

About Me

I am a strategic business lawyer, deal attorney and professor. I received my B.A. in Economics from Princeton University and my J.D. from the University of Pittsburgh. I am an adjunct faculty member of Chatham University and Strayer University.